we will turn to mark crumpton for bloomberg first word news. president trump has a second summit with the north korean leader and is likely to take this "quite soon." speaking at the united nations today, the president said the relationship with the country, whose leader he branded last year as little rocket man, is much improved. mr. trump said -- "it was a different world. that was a dangerous time." the trump administration is running russia that its plans to supply syria with an advanced missile defense system would be "a major mistake and should be reconsidered." it also says u.s. forces will not leave syria until iran leaves. national security adviser john bolton said today that delivery of the russian as 300 would be a significant escalation and there are already high tensions in the region. the european union is taking england to the box top court over the overhaul of the polish judicial system. the eu's executive commission poland's law- says lowering the age of judges puts the majority of them to step down. donecane florence is not wit

i'm mark crumpton.s is bloomberg. ♪ david: judge brett kavanaugh another.or hearing this time, it will be about sexual misconduct from 36 years ago. his accuser will also be testifying. welcome to jamie floyd. she now hosts "all things but she was also a law and justice correspondent. it is great to be back with you. you. is good to see we always talk about the law and i enjoy those commerce asian so much. >> david: you cover so many confirmation hearings. >> including the clarence thomas/anita hill. it is hard to know what to expect. although this does recall the werence thomas/anita hill -- called on the hill-thomas hearings. so much has changed. first of all, we are in the #metoo moment. back then, there were only two women senators in the entire senate. now we have four women on the areittee, two of whom powerful, insisting that dr. ford, the accuser this time around, be heard. back then, the committee did not even want to hear from anita hill. this is very much a he said/she said situation. people

i'm mark crumpton.his is bloomberg. ♪ david: technology lies at the heart of a good part of what separates the u.s. and china. technology pioneer who has worked at apple and microsoft. he is the author of "ai superpowers, china and silicon valley and new world orders." there is high-tech represented by made in china 2025 and there is artificial intelligence. those are somewhat separate initiatives. >> yeah. they are two papers written by the state council outlining the importance of two sets of technologies. my expertise is in artificial intelligence. i am more familiar with that plan. david: you have your phd in artificial intelligence. us talk about broader technology. you did work for google and microsoft. what is the basic conflict? is it a matter of the united states fairly saying there are unfair practices from the chinese? or is it a matter of the united states not wanting the chinese to pass them by, to get the advantage over them? >> i think it is an academic argument. in reality, the chinese e

we turn now to mark crumpton. rk: in dallas, a white police officer who says she fatally shot her black neighbor on mistake has been arrested on a manslaughter charge. she told authorities that she mistook the man's apartment for her own and shot the man as an intruder. themayor of dallas said woman had parked on the wrong floor of her apartment complex's garage. her attorney said prosecutors overstated the case to keep their client in jail before court. trying toused of establish back channel communications between russia and political groups. the president called bob woodward's new book a joke that uses disproven unnamed sources. he says that he will write the real book about his administration. woodward described a chaotic white house in which some former staffers actively deceived the president and undermined his orders. that the trump hosting us economy is the best in history, and that is why democrats are lying like crazy. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 jo

we turn to mark crumpton. : the odds are increasing that president trump will freeze canada out of the trade deal. even though nafta talks are picking up, a deal is unlikely to be reached. the countries remain at odds on dairy products and panels used .o respect -- resolve disputes president trump has proceeded with mexico only. new home construction rose to a three-month high in august. residential starts were up more than 9% to an annualized rate of 1.3 million. home-building is struggling to stabilize. senator chuck grassley, chairman of the judiciary committee spoke to reporters, saying there are four different ways christine ford can speak with the panel over allegations she brought accusing brett kavanaugh of sexually assaulting her. >> we are doing everything that we can to make dr. ford comfortable with coming before a committee, either in an open session or a closed session, or a public or a private interview. mark: in a letter to the judiciary committee, her lawyer maintains she is prepared to coopera

complete turn to mark crumpton. use intelligence committee voted to release more than 50 transcripts of closed-door interviews, including with donald trump, jr. jared kushner and jeff sessions in its probe into russian election interference. democrats led by adam schiff protested that republicans who controlled that would not vote to study specific timeline for the release once the transcripts are declassified. stands ugly ofes improved relations between germany and turkey. at a news conference today, angela merkel and the turkish president clashed over a turkish journalist who he wants extradited. merkel says they have profound disagreements when it comes to me free democratic and open society. pope francis has defrocked a chilean priest. the 88-year-old reverend a was sanctioned to a lifetime of penance and prayer for having sexually abused minors in his parish. all the move was welcomed by chilean victims as overdue, it could spark a religious today for those who see it as a second punishment for the same crime. i

i'm mark crumpton. this is bloomberg. in london.s 1:00 welcome to bloomberg markets. here are the top stories on bloomberg and around the world we are following. donald trump addresses the united nations general assembly. they say he has achieved new military heights. founders of instagram are leaving facebook amid tensions with mark zuckerberg. now where does the app go? the ceo of one of the world's biggest oil companies. thet, we are halfway into trading day. it has been directionless. >> it has been a bit of a day. 500 relatively flat. big gainer, the energy industry because of the comments by president trump highlighting protectionist rhetoric talking about the iran sanctions that will be put in place in november. this adds on to his rhetoric are ready about opec, rising oil prices are you can see this in thecrude is trading 40 year high. partially because of the rapid run-up in oil. of course, investors will be watching to see what comments the federal reserve chairman makes. valero energy up on t

i am mark crumpton. this is bloomberg.id: to recap the breaking news, president trump is saying that if there is another to encz cd $7 billion -- $267 billion of chinese tariffs, i think he means chinese goods, ready to ,o, added to the $200 billion he has not levied the tariffs on but is eligible to do and he said it could begun on short notice but under the law, there is a common time. president trump -- president trump appears to be sent to china, i am willing to impose tariffs on all of the imports the united states has from china. let's go back to the confirmation hearings in washington. hearingsanaugh's expected to conclude today and the committee vote scheduled for next week. a vote by the full senate before the first monday in october when the court term begins. we bring in a senior fellow and constitute -- we bring in ilya shapiro from the cato institute. have you seen anything that you think would derail the confirmation of judge kavanaugh to be a supreme court justice? >> i do not think so. after all the fury, a

we turn to mark crumpton. rk: more than a million people living in the path of hurricane florence have been ordered to leave their homes. the storm is taking aim at north and south carolina and is poised to become the strongest hurricane to hit the region in 64 years. forecasters say florence will make landfall late thursday or early friday, somewhere between charleston, south carolina and norfolk, virginia. damages could reach $27 billion. president trump martin the 17th anniversary of the 9/11 attacks by traveling to shanksville, pennsylvania. he spoke at the flight 93 memorial. >> we are here to pay solemn tribute to the 40 passengers and crew members on flight 93 who rose up, defy the enemy, took control of their destiny, and changed the course of history. today, we mourn their loss. ceremonies atre the world trade center memorial here in new york and at the pentagon. the international, courts says it will -- criminal courts says it will continue to do its work undeterred despite john bolton' is condemnatio

from bloomberg first for news, returned to mark crumpton. the kremlin has dismissed the latest round of u.s. sanctions as unfair. blacklisted 30 russian nationalists and three entities on thursday for russia's interference in the 2016 election.al washington imposed sanctions on the purchase of russian weapons. china has amended the sanctions be revoked -- demanded the sanctions being provoked. pope francis has accepted the resignation of two bishops and chile. in june, all of chile's bishops offered to resign. he has now accepted the resignations of seven of them. a private survey conducted for the republican national committee finds nancy pelosi is more popular than president trump. pelosi beats and when the midterm election his friend is a contest between the two. it was conducted by public opinion strategies. bloomberg businessweek obtained a copy. midterm elections are officially underway while election day is technically november 6. early voting began today in minnesota and south dakota. four more states begin voting in the next week, in

i am mark crumpton. this is bloomberg. caroline: mark, thank you.ilicon valley is taking center stage on capitol hill. jack dorsey and sheryl sandberg along with an empty chair for google. jack dorsey is still taking questions. for more on the marathon, sarah frier joined is not -- joins us now. knocked theo have stock prices in particular is regulation being discussed, particularly the first senator conversation happening at the intelligence committee. sarah: jack dorsey has come out and said i understand these problems are large and understand i have not done enough. i'm willing to reevaluate the business model for twitter. he is really giving concessions, and at the same time, he doesn't seem to know exactly what twitter needs to do to get better. he's talking about taking public commentary to get feedback on the rules, sharing tips with -- whenmpanies, whether he asked if he could tell the difference between a bought and human accounts, he said it is very difficult for twitter to tell. uncertainty coupled with regulation, if twitter does not kno

i am mark crumpton. this is bloomberg. mentioned, the stacking -- stabbing, it appears he is going to be fine. ,e're looking at ew see here the brazil index etf jumping a little after that headline. not something you see typically after a politician gets stabbed. , a lot of people have been anxiously watching this closely. caroline: we will continue to keep an eye on that asset for you. deutsche bank hedge fund clients have had a front-row view of the problems. the lender is gathering some of its most important customers in new york to offer reassurance that it still wants to serve their needs. let's bring in steven arons on the phone. cfo has come to town, what did they want to say to these key hedge fund managers that have been lacking the prime brokerage that they need? messagei think the key they want to deliver his we are still with you guys. deutsche bank has announced a big restructuring of their bank and that includes big cuts of prime brokerage and they want to say, look, we have cut the people and clarence that's

we turn now to mark crumpton. rk: the outer bands of wind wej=ajn have weekend -- areave weakened and battering north carolina. the storm remains very big and very dangerous and it is telling residents take heed evacuation warnings, saying "your time is running out." we will speak with rick few gate in a few minutes. is rejecting the puerto rican death toll and blaming democrats of inflating the number to make him look bad. the mayor of san juan, puerto rico responded saying "shame on you. how you."ame on myanmar's leader and no go peace the handlinge said of rohingya muslims who have fled to bangladesh amid a brutal military campaign could have been better. handled of this situation with rohingya. >> they political aspect is something the government has to take responsibility i like to say, from time to time, we have to accept some responsibility. mark: she rejected criticism over the show trial of two reuters reporters. global news 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journal

i am mark crumpton. this is bloomberg. ♪ vonnie: live from bloomberg world headquarters, i am vonnie quinn. amanda: welcome to "bloomberg markets." we are joined by our audiences. vonnie: here are stories we are following. the british pound on pace for its worst day this year as three some a hit back at the u.k. for rejecting her brexit plans. which u.s. companies stand to gain the most from president trump's tariffs? the winners and losers. online clothing retailer far-fetched went public today. the stock is surging. we will talk to the company's ceo. but get a quick check on the markets this witching day. -- s&p 500 is about communication services becoming a part of that now. the dollar index has been showing weakness. up .3% on this. that is british pound weakness. down 1.4% following theresa may's statements. crude oil futures up. that's a good 1.1% gain. that the u.s. stock records,tting this is the price-to-book for the s&p 500 relative to the all country world index. look at the high levels it is

i'm mark crumpton. this is bloomberg. it is 1:00 in new york, 6:00 in london, and 1:00 in hong kong. welcome to bloomberg markets. from bloomberg world headquarters in new york, these are our top stories. counting the cost of florence. record floods hit the carolinas, top $22ge total could billion and numerous lives. trade tensions simmer. president trump may be ready to announce a new round of tariffs against china. beijing says it will retaliate. pay day. workers in the world's richest countries are getting their biggest salary bump in a decade. all that in the next 30 minutes. halfway through the trading day. abigail doolittle has been marred -- watching the market reaction. at the: take a look action. the dow and the s&p down slightly while the nasdaq is down .8%, at the lows, down 1.2% . still on pace for its worst day in a week and a half. that is when facebook and twitter testify before congress. probably more so a trade fair. this could also be weighing on the bloomberg dollar index, down .4%. more recently a weak

i'm mark crumpton. david: thanks so much. mark talked about, hurricane florence tore into the carolinas and stayed a while dumping 30 inches of rain, killing at least 17 people and did more than $18 billion in damage. untilivers will not crest wednesday. , hen with the aftermath comes to us today from fema headquarters. if you so much for your time. i know you are a busy man today. give us an update on where we stand. as i've been at work today the number of dead has gone up. estimate of damages have gone up. where do we think we are. daniel: we are focused on life safety. this has been our focus for the last several days and we knew this event would transition from a wind and sponsored event to an inland flooding event. these are historic inland floods. with that, there's no guarantee for safety for anybody in any of these low-lying areas. even outside of the traditional low-lying areas we see significant flooding causing some of these communities to be cut off. david: i won't ask how bad it could get. when will we know how

i'm mark crumpton. this is bloomberg. shery: i'm shery ahn. amanda: i'm amanda lang. the bloombergby and bn and bloomberg audiences. shery: getting to a deal. anistopher elin strikes upbeat tone. fairfax financial holdings seesman tells us why he big opportunities in india. hong kong zooms past in new york as home to the wealthiest. a checkt started with of the major averages. we are's hearing u.s. stocks under pressure today. dow relatively flat after being unchanged this week. .5 percent.losing investors assessing next economic data ahead of friday's jobs report. the risk off sentiment is all around. the prospects of a new nafta agreement are weighing on investors minds. minister andign right now the u.s. trade representative office, the nasdaq is falling more than 1% a second day looming after -- testified before congress. risk off moods spreading. msci emerging markets falling for seven consecutive sessions. in bear market now down 20% from its recent high. .2%.arriving gaining for a second session. losing more than 7

i'm mark crumpton. this is bloomberg. alix: live in new york, i'm shery ahn. >> welcome to bloomberg markets. we are joined by our bloomberg audiences. >> here are the stories we are covering. >> we will bring you a conversation with the ceo as he celebrates his first year at the company. murphy.e hear from phil >> a look at new data on the why women voices are barely present on earnings calls. let's get started with the major averages. we are seeing u.s. stocks trading higher, pushed higher by tech. ,e also had slowing cpi data unexpectedly cooling in august. we had a tweet by president pressure. is not under to reach an agreement with china. s&p 500 gaining half a percent. rising after the private launch. take a look at what the 10 year yield is doing. down for theield second session at 2.95 while the british pound is higher, the highest level since august. the boe caped best-kept arranges study. we are seeing the euro gaining ground for the ucb predicted hold. mario draghi also expressed confidence on wage growth. >> a

i am mark crumpton. this is bloomberg.sident trump issuing a terrorist threat from air force one -- another.e added behind that, there is another go billion dollars ready to on short notice, if i want. infor more, let's bring shaun donovan from washington. thank you for being with us. what is president trump's ability to impose additional tariffs on china? >> he has the authority he needs to do this. he is acting and has been acting against china on the back of , section 301 which has not been used very much since the creation of the wto. he has this authority. there is not much congress or anyone else can do to stop him. talking about changing the equation, which it does. this is going all in on a trade war with china. joe: all in. earlier, weon tv are still talking, we have communications with xi. what is the status in terms of your reporting? >> what we have been hearing for a long time is it is low level stuff. we saw this when it was mid level officials, about possible talks at a higher level. there has not been a hig

i'm mark crumpton. this is bloomberg. >> live from bloomberg world headquarters in new york, i am shery ahn. in toronto, i'm amanda lang. we are joined by our bloomberg and b and m bloomberg audiences. >> another day without a deal. canada's finance minister says there is more work to be done on a new nafta with the u.s.. the amazon ceo weighs in on the company transformation from books to selling almost everything under the sun in a real -- rare excuse of conversation. we hear from the outlet that chairman john hennessy on why google was a no-show at this month's u.s. congressional hearing. amanda: let's get a quick check on the major averages. not a lot of action in terms of moves one way or the other. also not a lot of negativity. the broadere for s&p, three points to the upside. we are seeing u.s. banks on the move higher today. that is as we also see the yield on that 10-year treasury above 3%, 3.07 at last -- check. the nasdaq is working slightly. we are seeing it pick up a little bit us beat, a t

i'm mark crumpton.line: hearing from christina , she will answer committee's questions. chuck grassley is the leader of that unit of the senate judiciary committee. the letter has been made public. we understand that as the accuser, ford will answer the committee's questions. we will bring you all that breaking news as it comes. scarlet: that will happen on thursday. if you look at markets today, eight mixed trading day. let's take a deep dive into our trading action with markets reporters covering equities, bonds, and commodities. julie: i am looking at the worst performer in the s&p 500. the company is nearing a deal to buy for such a -- buy versace. investors are not too happy about this. they are trying to figure out fall into the stable of brands. there are questions about the fashions andersace how accessible it will be to an audience, of course, customers. those shares tumbling since may. up. the kors shares are won the bid for sky, beating out disney. they have to incur a lot of leverage to do t

mark: i'm mark crumpton, this is first word news.rence is almost at a stance will over southeastern north -- stand still over southeastern north carolina. it barely has category one hurricane strength with top sustained winds of 71 miles per hour. florence was forecast to keep moving inland over the weekend. more than half a million people over the region are without power and face at least another day of heavy rain and wind. former trump campaign chairman paul manafort today pleaded guilty to two federal charges as part of a cooperation deal with prosecutors. the deal requires him to cooperate fully and truthfully with special counsel robert mueller's russia investigation. it is important that he recep the responsibility, and he wanted to make sure that his safey was able to remain and live a good life. he has accepted responsibility, and this is for conduct that dates back many years that everyone should remember that. mark: the move allows manafort to avoid a second criminal trial. he was convicted of eight financial crimes in a s

we turn now to mark crumpton. : vice president pence's office says he was not the author of that anonymous op-ed in "the new york times." so i secretary of state mike pompeo and intelligence chief dan coats. the article claims key administration officials were secretly working against president trump. the president questioned whether the author really exist. he demanded that the newspaper unmasked the writer as a matter of national security. the trump administration is planning to scrap a long-standing court agreement on how children are treated immigration custody, meaning families will be kept in detention longer. the agreement currently requires the government to release immigrant children after 20 days in detention. the white house says it will instead adopt regulations that will allow for changes regarding migrants illegally crossing the u.s.-mexico border. british allies are backing the u.k.'s assessment on the russians by poisoning. authorities have accused in two of russia's military intelligence service of

i am mark crumpton. this is bloomberg. thank you so much. we will get more insight on how president trump's latest threats against china are affecting the markets. they are not that concerned. this is bloomberg. ♪ his is bloomberg. ♪ lisa: this is bloomberg markets. julie: back to the markets, u.s. stocks are lower after president trump signaled he is ready to escalate the trade war with china by imposing more tariffs. our opinion columnist joins us. it is not just a question of what is going to happen with tariffs but where do we go from here when it comes to stocks, now that we have entered yet another bull market or phase of the bull market. you have a difference of opinion where we are in the bull market. [speaking simultaneously] the dust settled right when we went to air. you guys missed a fight. let's start with you and talk about the timing of the longevity of the bull market and why it matters that we are even counting days. >> i think it is natural to ask what is going on and what does it mean because the bull ma

i am mark crumpton. this is bloomberg. scarlet: from world headquarters in new york, this is "bloomberg markets: the close." i am scarlet fu. caroline: and i am caroline hyde. the s&p 500 is down, however utilities on the down were -- is up. the utilities on the downside, and there are rates going higher. check out the 10-year yield. scarlet: and, of course, this is as the fed begins its two-day meeting. aretocks are higher, 10 lower. the dollar drifting lower, providing support to commodities. our bloomberg commodities index at a seven-we caught, and we also have gold and silver lifting commodities overall -- at a seven-week high, and we also have gold and silver lifting commodities overall. we saw a knee-jerk reaction and selling in bonds, but that has eased off just a bit now. let's turn to what is happening in new york. president trump is trying out a good cop-bad cop routine on iran. he said that the prime minister was an absolutely -- that the iranian president was a good man. he sharply criticized the iranian leader

. -- i am mark crumpton. this is bloomberg. david: joined by carl riccadonna .his is a human story first appeared these people being displaced. also economic aspects. what is the effect of prior hurricanes? carl: it is very hard to draw a parallel to a storm as severe as this. as we look back to hurricane hugo in 1989 or hurricane hazel in 1954, to draw parallels of a storm the strong appeared in the north carolina economy or the carolina economy in general is very different than it was at that time. we have storms like this, the first impact is the tremendous disruption of capital stock. whether houses, infrastructure, businesses that are damaged. that tends to not show up in the economic statistics. the national balance sheet or the state balance sheet is dramatically impacted by the assets being destroyed. firstly, the -- the recovery can used economic indicators. david: the old digging the hole and filling it back up again. carl: exactly and we could see not immediately but in the aftermath, a boost in the sales and vehicle and retail spending. and construct

mark: i'm mark crumpton with first word news. the associated press reports mark judge says he will cooperate with any law enforcement agency that investigates him constant -- confidentially that dr. ford says judge was in the room when brett kavanaugh assaulted her at a house party when they were teenagers. a statement through his lawyer, claiming he had "no memory of this alleged incident. was a dramatic development in the senate judiciary committee where lawmakers today voted to send a judge kavanaugh supreme court nomination to the polls senate with the request from arizona republican jeff flake. with ave been speaking number of people on the other side. we have had conversations ongoing for a while with regard to making sure that we do due diligence here. properhink it would be to delay the floor vote for up to but not more than one week. continueto let the fbi -- to do an investigation limited in time and scope to the current allegations that are there. ions that are there. mark:mark: committee chair chuck grassley said he to

i am mark crumpton. this is bloomberg. vonnie: i'm vonnie quinn. ♪ vonnie: from bloomberg world headquarters in new york, the top stories on the bloomberg and from around the world. we are following more promise for cbs. les moonves is out after more sexual harassment accusations. what's next for the company he shaved for more than 20 years. life after lehman. we look back at the financial crisis and ask whether financial markets could survive it now. and hurricane florence picks up the pace, strengthening to category 4 status as a gets closer to the u.s. atlantic coast. a look at what's at risk this hour. all that to come in the next 30 minutes of first, abigail doolittle is with us halfway into the trading day and something has turned us mixed. action fort a lot of the averages, but we do have small gains for the s&p 500 and the nasdaq after four days of , thenes for the s&p 500 nasdaq up for the second time in seven days and the dow had been higher earlier, on the morning, each of the major averages of action is in, the

this is bloomberg. ♪ this is bloomberg. ♪ mark: i'm mark crumpton with first word news. orts mark judge says he will cooperate with any law enforcement agency that investigates him constant -- confidentially that dr. ford says judge was in the room when brett kavanaugh assaulted her at a house party when they were teenagers. a statement through his lawyer, claiming he had "no memory of this alleged incident. was a dramatic development in the senate judiciary committee where lawmakers today voted to send a judge kavanaugh supreme court nomination to the polls senate with the request from arizona republican jeff flake. >>

i'm mark crumpton, this is bloomberg.resident trump focused first and foremost on a run in the generaln assembly. president trump: we ask all to isolate iran's regime as long as its aggression continues, and we ask all nations to support iran's people as they struggle to reclaim their religious and righteous destiny. david: we welcome now experienced u.s. diplomat and government leader. at -- he served under you under george w. bush, -- welcome back, ambassador kimmitt. it have you here. some people are reading the president's remark to referring to regime change. is that over reading it? bob: i think it is. i heard more, let's focus on isolating iran in a way that stops them from taking the external actions, both in the region and beyond, that are threatening to both regional and world peace. david: so i misspoke earlier and you corrected me. you met with president rouhani of iran the night before these remarks. what you have seen from president rouhani and your intelligence tells you, are we making progress diplomatical

mark: i am mark crumpton with first word news.lins says she is appalled by president trump's tweet challenging by name dr. , the one blasey ford who accuse brett kavanaugh of sexual assault when they were in high school. have noident we did "i doubt that if the attack on dr. ford was as bad as she says, charges would have been immediately filed by local law enforcement authorities either her or her loving parents. i ask she bring those filings forward so we can learn date, time, and place." senator collins called the presidents tweet inappropriate and wrong. a group of up to 75 women convened at a washington hotel to voice their support for judge kavanaugh. some worked with him and others have known him since high school. friend,n, a longtime insisted the allegation is false. when asked how she could be sure, she said the charge leveled against him is inconsistent with every single thing we know about him. rod rosenstein is denying a new york times report that he suggested secretly recording president trump last year. the time cit

let's go to mark crumpton. whor. christine blasey ford has accused brett kavanaugh sexual assault has concluded her testimony before the senate committee. she told the panel that she is 100% certain the kavanaugh is the person who assaulted her at a house party in the 1980's when they were both teenagers. she told lawmakers the kavanaugh and his friend left at her expense during the attack. >> his assault on me drastically at the -- altered my life for a very long time. i was too afraid and ashamed to tell anyone these details. i did know what to tell my parents that i at age 15 was in a house without any parents present drinking beer with boys. >> reaction from two republican , they told cnn that her testimony was riveting. judge kavanaugh is scheduled to testify this afternoon. lindsey graham told reporters this is all delay. meetesident trump will not with rob rosenstein until next week. the white house said it proposed -- postponed today's meeting because of today's hearing with judge kavanaugh. president trump s

i'm mark crumpton. this is bloomberg. ♪ shery: live from new york.elcome to bloomberg markets. we are joined by our bloomberg and bien and bloomberg audiences. constructive conversation, canada's foreign minister says she is making progress in after negotiations. talks resume in d.c. this afternoon. the expansion high-end pays off -- the expansion plan pays off. gets. good as it why small businesses in the u.s. have never felt this confident. shery: a quick check of the major averages. highs.ocks near session the s&p 500 gaining .4%. related -- leading higher by telecom stocks. bank stocks leading the nasdaq .4%. apple holding its longest losing streak since april ahead of the release of the new iphones tomorrow. concerned still lingering. china china preparing to for relief. i want to show you another picture of a strong u.s. economy and labor market. the unemployment rate is low. this is a sign of confidence on the part of workers. the number of people leaving their jobs in july hit a 17-years high. that is as the new openings also hit a record. th

i am mark crumpton. this is bloomberg. caroline: mark, thank you.ne florence threatens to deliver a 13 foot ocean surge and flooding. david is on the ground in north carolina where he is watching for spillage and the result of the heavy rain. welcome, david. doubletime for the residents in fayetteville. we are seeing brief rain, definitely cloudy and the wind is not a blowing much. for all of the effects we here at the coastline, we are not -- we're now seeing it 90 miles inland. the thought is, it has to come eventually. joe: how many people are either actuate in versus writing it out? is it easy for people to still get out? what are most people doing? it is definitely still easy to get out. who knows when that will change, probably overnight or tomorrow. toetteville is right next fort bragg so a huge military presence around here wherever i go. there have been quite a few retailers open but you are starting to see stores close down. as far as people getting out of town, it is busy and hopping around here. people may be feel like this is a safe pla

i am mark crumpton. this is bloomberg. ♪ >> from bloomberg world headquarters in new york, i am scarlet fu. julie: -- caroline: i am caroline hyde. >> the first decline in the doubt in five trading days. -- dow in five trading days. and what is going on in washington with regards to the state of rob rosenstein. euro picking up steam versus the dollar, roughly a three month high versus the dollar as mario draghi predicted a pickup in inflation and yields ticking higher at the selloff in treasury continues and wti up i better than 2% following brent higher, the best level for the bti and more than 3.5 years. caroline: it feels like a manic monday. not only have we had plenty of politics and markets, m&a, check it --chael kors, off as and comcast down 6%. a big selloff of this name. barrick gold does better, it will do a share swap. sirius will get more into streaming, buying pandora. scarlet: lots of m&a news. ron rosenstein lives to work another day, he is still on the job after being summoned to the whit

>> i'm mark crumpton with first word news. north r and infant in carolina were killed today when a tree fell on their home. they are the first two of hurricane florence. police in wilmington say the father was taken to a hospital treatment. the hurricane came ashore early today pounding the state with and high winds. the national hurricane center of raine than 16 inches has fallen at locations in outheast north carolina, and another 20 to 25 inches are on the way. has slammed yphoon into the philippines on the northeastern coast. storm's fiercehe winds and blinding rain ripped knocked oof sheets and out power. more than five million people are at risk from the storm which to pack winds of more than 170 miles per hour. former trump campaign chairman paul manaforte has led guilty to of aederal charges as part cooperation deal with prosecutors. the deal requires him to fully and truthfully with special counsel robert mueller's russia investigation. manaforte.for mr. he's accepted responsibility, nd he wanted to make sure his fami

i am mark crumpton. this is bloomberg.the global consumer goods market is getting disruption from legal cannabis. every industry from alcohol to food is trying to get in on the action. here to take us through which areas are primed for the opportunities, he is a senior analyst for bloomberg intelligence. what exactly should these companies, and i talk about the alcohol companies, beverage companies, tobacco companies, what should they be afraid of here? >> they need to be afraid but for opportunity at the disruption, particularly in canada. canada will legalize the use of cannabis and that means consumers have lots of other choices in terms of what to do with their discretionary income. they don't have to get a beer to enjoy themselves on friday. the beer companies have taken notice in particular because it is that market, people of democrats it's -- them up graphics -- demographics who tend to be beer triggers and are the biggest canopy users. rather than look at this as a threat, companies look at this as an opportunity

. ♪ mark: i'm mark crumpton with first word news.cane florence has been downgraded to a category three storm. forecasters warned it is still big and still extremely dangerous. florence's maximum sustained winds are clocked at 125 miles per hour. fluctuations are expected through thursday morning. florence is expected to make landfall late on the carolina coast thursday or early friday. a surge in people coming to the u.s. illegally as family site -- family has contributed to illegal crossings from mexico. border protections says nearly 16,000 families arrived last month. that is an increase from july, one of the highest on record. officials say this is due to what our legal loopholes including a court order prohibits holding children for more than 20 days. the united nations commission of inquiry says it syria this year has witnessed levels of internal displacement not seen before in the seven-year conflict. they also warned a possible offensive on the northwestern province which generate a catastrophic humanitarian crisis . >> for m

you need mark: i am mark crumpton with first word news. visited north carolina which was hammered by hurricane florence. as he met with the governor and other state officials, and handed out food and spoke to residents, the president said he would be 100% with the victims and their families as they recover from what has been described as an epic storm that left at least 37 dead in north carolina, south carolina, and virginia. >> to the families who have lost loved ones, america grieves with you and our hearts break for you. god bless you. we will never forget your loss and never leave your side. we are with you all of the way. to all of those impacted by this terrible storm, our entire american family is with you and ready to help. you will recover. mark: governor cooper asked the president for help cutting red tape to get his state of federal assistance and lead to recovery. the associated press reports a person speaking anonymously says --hairman made the offer our focus right now is doing everything that we can to make dr. ford comforta

i am mark crumpton. this is bloomberg.ne: hurricane florence is barreling to the east coast and farmers in the carolinas are bracing for what could be the most powerful hurricane to hit the area in 64 years. joining us with more insight is our agricultural reporter live from washington. alan, when we talk about hurricanes, we talk about oil rigs and refineries. this time, in the path of the hurricane, we talk soybean fields, cornfield, and what type of impact will we see to some of these commodities? alan: you are looking at a different region of the country. you see a lot of poultry and halt production with agricultural infrastructure -- hog production -- production with agricultural infrastructure. you see some companies taking a lot of preparation to weather the storm. joe: how do hogg farmers with hundreds of thousands of pages deal with a storm like this? alan: you have these larger operations and you want to make sure they have electricity and water. these are animals and living creatures just like us. you have to ma

. ♪ i'm mark crumpton.nal security concerns, president trump says the justice department should investigate the identity of the anonymous new york times op-ed writer. this week's explosive piece which was published on wednesday claims there is a resistance working with the trump administration to thwart the president's most dangerous rally inalso during a billings montana yesterday, the president said that unelected operatives are a threat to democracy itself. sad for thehe is mainstream media. barack obama charged back into politics today with the details for trump's style of governing warning dire consequences if american voters stand on the sidelines during the november midterms. he told a mostly student audience at the university of illinois the privileged and powerful exploit the politics of fear and resentment to keep their status. >> you happen to be coming of age during one of those moments.

i'm mark crumpton. this is bloomberg.e battle congress will be fought in a series of tossup district across the country and one of those of the illinois six district in the chicago suburbs where democrat sean casten is challenging republican incumbent peter roskam. he joins us from chicago. welcome to have you with bloomberg. mr. casten: thanks for having me. david: we are going to give the audience a snapshot of your desert in the suburb of chicago's, a reasonably affluent , reasonably highly of you a district. give us a sense out there in chicago, what are the issues in the district that will determine who the next congress person is? mr. casten: the number-one thing that comes through again and again is health care. it is an affluent district but is not a top 1% district. fact that peter roskam voted 62 times to repeal for and particularly on existing conditions, there's over 300,000 people in the district who have a pre-existing condition how that's almost half the district and they are really angry that only that he

reporter: i am mark crumpton with first word news.dent trump says a little delay may be needed on an upcoming senate judiciary vote on the supreme court nomination of judge brett kavanaugh, but the president is predicting it will "work out very well." the president facing questions about kavanaugh, following a woman's claim that the judge sexually assaulted her at a party when they were in high school. senate majority leader mitch mcconnell says republicans will review the accusations "by the book," but he questions whether the judiciary committee's ranking democrat, diane feinstein of california, held onto the information. accusation which the ranking member of the committee of jurisdiction has known about for at least six weeks. yet chose to keep secret until the 11th hour. -- neither heany or any of the democratic colleagues chose to raise this allegation during the bipartisan calls with the nominee. reporter: both judge kavanaugh and his accuser say they are willing to testify under oath. north carolina is grappling with the remna

. ♪ mark: i am mark crumpton was first word news. with the national weather service in the federal emergency management agency warn residents in the carolinas that hurricane florence remains a threat, despite downgrading to category 1. florence made landfall near wrightsville beach, north carolina as a category one storm and is now carrying maximum sustained wind of 80 miles an hour. more than .5 million people in the region are without power and they face at least another day of heavy rain and wind. >> i do want to emphasize that this is only the beginning. florence is a very slow mover and will continue to track along the north carolina and south carolina coastline for the next 24 to 36 hours. it will not get to columbia, south carolina until monday, midnight morning. says iema's jeff meyer hope people blot -- brought flood insurance because you're going to need it for this event. in the philippines, a typhoon has picked up speed as it heads closer to land, more than 5 million people are risk from the storm

on air and on tictoc on twitter, powered by 2700 journalists and .nalysts in 120 countries i'm mark crumpton, this is bloomberg. emily: live from apple headquarters in cupertino, california, i'm emily chang. we are covering the big event here at apple. i want to welcome our listeners worldwide, we are bringing you the latest from the ground, from the apple product event. the company has unveiled new watches with significant new health tracking features. take a listen to what jeff williams touted about the health benefits. >> one of the leading causes of injuries world wide is falls. whether you slip off a step ladder or trip on a curb, a hard fall can be serious and it can be difficult to get immediate help. well, now apple watch series for fourd tacko fall -- series can detect a fall. [applause] emily: david kirkpatrick is with us, also with us, pierre c ferragu, from london. fda clearance they can to tacko fall and has an electrocardiogram feature. various features that can detect the irregular rhythms of your heart, a low heart rate. pierre, what's your take? unsurprisinglye delivering a

i'm mark crumpton, this is bloomberg.hangeissue of climate has taken a roller coaster ride from the paris accords to president trump declaring we have to promote the use of coal. the state of california has the lead on climate change for over a decade now. we now speak to governor jerry brown. >> good to be here. know a report was announced today after about -- about the progress that has been made. , how muchn california progress in it without the federal government? >> we can make a lot of progress bigger. we need all the help. pending that, we have the ability of states like california vermont new york and washington colorado new jersey all of the states are willing to do their part. we have to cut carbon emissions. we see the storms off north carolina. thatis the kind of thing will happen more and more often and more and more deadly. the reports that are issued that you referenced, we can do a lot. we're getting more electric cars and warmer noble energy. we are supporting more insulation of batteries. often things to

i'm mark crumpton. this is bloomberg. ♪ ♪ shery: live from new york.come to bloomberg markets. she here are the top stories we are followingry: -- shery: here are the top stories. tesla is under investigation by the u.s. justice department. fox whohear from liam says prime minister theresa may is doing a great job in difficult circumstances. you will hear from the ceo of one of the u.s.'s largest real estate financing from us -- financing firms. amanda: let's start with a look at the major averages. tensionsontinued trade with china, we see markets shrugging it off, possibly because the u.s. tariffs is less than had been feared. stocks are moving higher for the s&p 500, the biggest intraday gain it has seen in three weeks. some of the names are leading the advance. that includes some of those faang stocks. amazon and netflix marching higher. the nasdaq is the leader in terms of the broader markets. one stock we are keeping an eye on his fedex. it is a loser on the session today. it is seen as a bit of a bellwether because of its reach into the u.s. and

, this is bloomberg. -- i'm mark crumpton, this is bloomberg. >> live from bloomberg world headquarters in new york, i'm shery ahn. >> and i'm amanda lang toronto. your are the top stories that we are following from around the world. it is fit decision day. the rate hike is looking like a done deal. investors are looking at a signal past 2018. our exclusive coverage continues from the court global business. forum.ness and the cannabis call, famed short seller looking for profit in a new fund on the volatile manner -- marijuana sector. we are seeing the s&p 500 reversing three sessions of declines, gaining ground by 1%.t 3/10 of pharmaceutical companies are among the best performers. energy performers are weighing down on the index with oil falling from the for your high. the 10 year yield pressure, with the fed rate decision of 25 basis point rate hikes. widely anticipated. the focus is on what happens in december and also next year. that key decision will be what investors will be watching when the bondwhether or not market continues to selloff, amanda. we have been keeping and i on th

i am mark crumpton. this is bloomberg. david: thank you.he secondary questioning in the heated hearing for supreme court nominee brett kavanaugh. a lot going on. they addressed roe v. wade. president ishe above the law. let's bring in our supreme court reporter. can you president pardon himself? hypothetical but he praised -- >> some question because of the 1999 roundtable in which he said wrongly decided and said those remarks had been misunderstood today. he praised the next and that -- nixon tapes. the biggest area where he backed away from what he said previously. david: how much can we read into that? that was a subpoena issued in a federal district work by the special prosecutor. it required the president to turn over tapes and other documents. does that go against at all the possibility robert mueller may subpoena information, documents, tapes, from president trump? >> a guess robert mueller a tool. that's a guess robert mueller a tool -- it gives robert mueller a tool. brett kavanaugh did not say robert mueller has the power to dema

i'm mark crumpton at bloomberg world headquarters in new york.ll return to our regular programming in just a moment. ♪ emily: this is "bloomberg technology." i'm emily chang in san francisco. apple is joining forces with sales force. the partnership will aim to increase the number of apps available for businesses on iphones and ipads and as part of that tie-up, the sales force app will be updated to include siri and imessage. this coincides with sales force's big dream force conference happening this week. we know apple has been trying to make a big push into the enterprise. how much charge does this give? >> right. so if we take a step back and look at all of apple's enterprise sparnships announced over the past two years, they honestly seem extremely surface-level. in some ways obvious things the company would have done pace in. salesforce is adding business chat and other new futures he is based on i os-12 with -- ios-12, which they should be doing anyway. but from a branding perspective, it's great for both sides. emily: what do we really kno